11.1 Đông Vệ Group

Mrs. Sang has a manufacturing business making wine. She is requesting a loan to invest in her business.

Sang is 47 years old and she is married with two children. Sang is the group leader of the 11.1 Đông Vệ solidarity group, which consists of six members. Sang lives with her two dependents in Thanh Hoa city, an urban area in Thanh Hoa province.

This is Sang's first loan with Thanh Hoa Fund for Poor Women. Sang has been involved in this business for four years. The main hardship that Sang faces in her business is the lack of capital.

In the future, Sang hopes for her business to do well, for her family to be healthy and happy, and for her children to do well in school.

Additional Information

Thanh Hoa MFI works to provide credit to women and their families in the central Vietnamese province of Thanh Hoa, one of the poorest regions of the country. The institution's target clients are poor and low-income women who have the ability to work but lack the capital. Accordingly, Thanh Hoa MFI prioritizes single mothers, low-income women with children who have dropped out of primary school, and Viet Nam’s poorest women who cannot access any formal financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.